Research On Small And Medium-sized Enterprises' Financing Mode From The Perspective Of Supply Chain

Financing difficulty has been one of the key factors restricting small and medium-sized enterprises'(SME) development. For this year, as WenZhou SMEs'management difficulty appears, financing difficulty becomes a focus again. Plus macro policy and monetary tightening, SMEs'financing becomes more difficult, encountering to an unprecedented crisis.In financing circle, aim at how to break through the bottleneck of financing difficulty, they put forward the innovative idea--supply chain financing. Supply chain financing is a new financing mode, which is based on the real transaction between core enterprise and SME, emphasizing on the control of transaction itself. Supply chain financing is an important way to solve SMEs'financing difficulty.However, in recent years supply chain develop rapidly in China. Application in SME is not very common. Financing level also needs to be raised. So it is necessary to look for supply chain financing mode which is fit to SME in different situations. It is significant to analysis the influence factors of financing operation and propose countermeasures and suggestion for raising the financing level.Firstly, based on the summarization of literature material, the author analyzes the present situation of SMEs'financing, and puts forward supply chain financing mode. Then compare it with traditional financing mode, highlight its advantage and analyze its risks.Secondly, according to phases of funding gap existing, supply chain financing mode has three basic financing modes including accommodating warehouse financing mode, confirming warehouse financing mode and account receivable financing mode. Apply game theory model to compare and analyze them separately from the standpoint of banks and SMEs. On the premise of this game hypothesis, propose suitable financing modes for SME.After that, select one of the three basic modes- account receivable financing mode, for further research. Analyze influence factors of account receivable financing mode by using SD (system dynamics), and describe their causal relationships and dynamic flow diagram. Through on-the-spot investigation, use Vensim SD simulation software to test and simulate. Because different factors have an impact of a different ratio on account receivable financing level and mortgage rate, find out these ratios. And propose countermeasures and suggestions for raising account receivable financing level.Finally, summarize the research in this text. Present research findings and point out shortages existing in the research, along with the prospect for supply chain financing research in future. Expect to provide a reasonable financing platform for our country's SME, widen financing channel, improve financing level and at last relieve financing difficulties of SME.